🚨 FED Cut Rates – But Here’s the Real Story 👀⬇️

Yes, the Fed cut rates yesterday, but that doesn't necessarily mean exactly what it sounds like. You may hear that and be thinking, oh, sweet, mortgage rates must have dropped substantially lower yesterday, right? Not necessarily. The mortgage market already knew the Fed was going to cut rates, so they already had that priced in. It was more about what the Fed said. The Federal Reserve finally kind of came in line with something I've been talking about for quite some time, that new jobs are being way overstated. The Fed said they think they've been overstated. About 60,000 jobs per month too high. The Fed actually thinks we've been losing 20,000 jobs per month. That's a whole reversal. And that would certainly, certainly help mortgage rates as soon as that data reveals itself. The Fed also said that they think if it wasn't for tariffs, inflation would be right in line with the 2% they want to see it at. That would also help mortgage rates. We need to see these reports come out and hold true to those numbers. But the Fed's saying what we've been kind of seeing for quite some time, and if that comes through, mortgage rates will get better. If you're a home buyer, don't wait for that to hit the headlines. Now is the time to get the best deal on your new home before rates do drop and everyone finds it.